Individual Residential Rental Properties
Our Investment Property Program now offers an INSTANT INDICATION to determine if this is the right market for you.
Questions? Email submissions@bigfootbinds.com
NEXT STEPS: Get quoting HERE. Don’t have a username? Click HERE.
Once you have played around in our system or submitted your first risk, feel free to request agency training for our Access One80 Insurance Underwriting Portal here: Request Training
PERSONAL LINES APPLICATIONS:
Client Visits
For tips on how to submit a WINNING PERSONAL LINES APPLICATION, check out our blog.
We also have a YOUTUBE channel to show you how to use the portal and submit an application.
Highlights
Eligible risks: 1-4 locations
Property coverage limit: $1,000,000 per risk (higher limits are available on a case by case basis)
Available Coverages: All Risk property coverage, loss of rents, G.L and flood
Annual and short term rentals are eligible for this program. Short term rental exposures will have a separate GL policy.
No property age restrictions as long as updated within last 35 years to electrical, heating, plumbing, H.V.A.C, and roof
Eligible locations: All 50 States excluding the listed locations, below
Coverages can include: Property, General Liability, Flood, and Earthquake
No property inspections are required
Note: Access One80 has underwriting authority with several markets so we have plenty of capacity
Availability and Exclusions
This program is “in house” and available in all 50 states. However, we cannot write in the following locations:
Detroit- MI
Monroe, Miami-Dade, Broward Counties- FL
Galveston Island-TX Padre Island- TX
Hunt, Collin, Dallas, Denton, Ellis, Kaufman, Rockwall Counties- TX
Baltimore- MD
Philadelphia, PA
5 Boroughs- NY
New Orleans, LA
Outer banks of Carolinas
Lava zones 1-3
Barrier islands
*Please note that some of our other programs are available across all 50 states including Personal Article Floater, Flood, and Tiny Homes.
Frequently Asked Questions:
Do I need to send acords
We only need you to submit an application on Access One80 Platform and include 3 years of loss runs or letter of no loss from insured
WHAT'S COVERED?
This is a commercial policy and coverage terms are provided in a quote packet. Final price may vary based on additional information provided. Premium estimates expire after 30 days. The effective date of your coverage cannot be before receipt of payment.
What carriers are in this program?
We have three carrier options depending on the information provided.
Do you accept Section 8 Rentals?
Unfortunately we do not write the Section 8 Rentals in this program but you can inquire about these properties to our Commercial Property Underwriter Fara Schnur.
What if there are businesses on the properties?
Unfortunately this program does not accommodate risks with businesses on the property . Due to COVID-19 restrictions and many people working from home, we encourage you to learn coverages and risk exposures during these interesting time.s
Is there a minimum number of risks?
This program is great for 1-4 properties. For more, check out our Investor Program for multiple rental properties.
In what states do you write?
All 50 States. Excludes: Detroit Metro Area, Galveston and Padre Island TX, and Florida Keys
What if I add or remove properties? How is premium calculated?
Premium is calculated on a daily pro-rata basis for properties added or deleted during the policy term.
How easy is it to add/remove properties?
Simply make a request in the Access One80 Underwriting Platform. Properties are added and deleted on a prorata daily basis.
Have more questions? Email us at support@bigfootbinds.com or call us at 855-900-2960 ext. 0 and we’ll try to help you out.
HOW SOON CAN I GET a quote?
Our personal lines underwriters are assigned to submissions within 24 hours. Depending on the nature of the risk, location, etc. and the risk is acceptable, you will get a quote within 2-4 days. Feel free to email the underwriter submissions@bigfootbinds.com
HOW LONG IS A POLICY TERM?
12 months
WHAT ARE MY PAYMENT PLAN OPTIONS?
We have information on our Payments and Financing link. We accept check, ACH, and credit cards. Please review the details in your quote packet.
HOW MUCH IS an average policy?
Similar to other lines of insurance, the cost varies depending on the location, coverages selected, year of updates, and claim history. Safety or security questions may yield a better rate such as alarms and sprinklers but will be confirmed with an inspection. Be sure to ask your client about any lakes, ponds, swimming pools, wood stoves, animals, etc. These details will be confirmed with a post-bind inspection.
What’s the underwriting process like?
Here’s the progress from submission to policy.
Submitted, Indicated (Note that an indication does not mean the risk has been accepted)
Underwriting, With Carrier
Quoted
Bind Requested
Bound
Policy Issued
Please note that requests for additional information will have a .5 status and the application will be unlocked for you to provide requested information. We will send weekly reminders until you provide the information and notify the underwriter that additional information provided. Please refer to the comments section for a list of any missing information that may be required to offer a quote, bind coverage, or issue a policy.
Is there a post-bind inspection?
This program does not require an inspection unlike our Homeowners Program.
Do you accept Mobile or Manufactured Homes?
We cannot write mobile or manufactured homes in this program.
Appetite questions?
Please use the appetite chat on the bottom right of your screen for any appetite questions.
Note: Not all of our appetites are listed here and the appetites that we can do vary by state and risk exposure. If you cannot find what you are looking for fill out our application form as best as you can, hit submit, and make a comment with any specific questions you may have. Our underwriters will be in touch within one business day. Get quoting HERE.